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Dunstable Property Blog

Leighton Buzzard Property Market and Hammond’s Budget Promise to Build 300,000 more homes

Nationally, the number of new homes created topped 217,344 last year, the highest since the financial crash of 2007/8. Looking closer to home: in total there were 1,773 ‘net additional dwellings’ in the last 12 months in the Central Bedfordshire Council area, a decent increase of 135% on the 2010 figure.

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The Leighton Buzzard House Price Index:

I can guarantee you in the coming few months, on a month-by-month basis, one or more of the indices will say property prices will have dropped. No property market indices are representative of the housing market in the short term

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Leighton Buzzard Homeowners Are Only Moving Every 13 Years (part 2)

Back in the 1960's/70's as a country, we were building on average 300,000 & 350,000 households a year. The Barker Review a few years ago said that for the UK to stand still and keep up with housing demand we needed to build 240,000 households a year

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Leighton Buzzard Home Owners Are Only Moving Every 13 Years (Part 1)

Looking at the property sales figures in the Leighton Buzzard area since 2010/11, a new trend of number of property sales appears to have started. Interestingly, this has been mirrored nationally.

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Increase in Interest Rates to cost Leighton Buzzard Home Owners £302.58 a year

The proportion of Leighton Buzzard homeowners with variable rate mortgages (and thus directly affected by a Bank of England rate rise) will be smaller than in the past

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Leighton Buzzard House Prices Outstrip Wage Growth by 31.41% since 2007

In 1997, house prices were on average 3.5 times workers' annual wages, whereas in 2016 workers could typically expect to spend around 7.7 times annual wages on purchasing a home.

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Moving from a 2 bed Leighton Buzzard Property to a 4 bed will cost you £856 pm

If you live in Leighton Buzzard in a two-bedroom property and wish to move to a four-bedroom house in Leighton Buzzard, you would need to spend an additional £216,766 (or £856.23 pm in mortgage payments (based on the UK Bank average standard variable rate))

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Belvoir Dunstable 5 Year Anniversary celebration offer for NEW landlords. NO LANDLORD STARTUP FEES IN NOVEMBER.

For NEW landlords who sign up in November for a property in the LU5,LU6 and LU7 postcodes to be marketed before the end of 2017 we will charge ZERO landlord fees for this first tenancy.

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Gold Award from AllAgents for Best Letting Agent customer experience in Dunstable 2017 marks Belvoir Dunstable 5 year anniversary

As well as awarding Belvoir Dunstable the Gold Award AllAgents also awarded Belvoir Dunstable the Bronze Award for Best letting Agent customer experience in Bedfordshire.

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